Last week, the Power of 32 Site Development Fund announced a $9.6 million loan to jumpstart construction on Riverfront 47, a 30-acre brownfield redevelopment project located on the Allegheny River in Sharpsburg.
While the project is still in its earliest phases, the vision for Riverfront 47 is a mixed-use commercial and residential development that will bring in new residents and boost the local economy. The Downtown-based real estate firm The Mosites Company is overseeing the development.